The startup road is littered with bodies of dead startups and crushed dreams. The chances of your startup making it and ever being successful are extremely low. Many of those dead bodies were perfectly capable of success, but uncontrollable changes in the markets or life in general can strike a final blow, with no warning, at any time.
Being the CEO of a startup is much like being Leonitis when he commanded his 300 Spartans to face the thousands of Persians in the narrow passage with the almost certainty of death. While this is exciting to think about, the consequences of defeat are real. Yes, it might not cost your life if your startup fails (though, sadly it could), but there is so much at stake. The physical toll and stress from the startup will definitely take years off your life.
I recently read an article by Groove’s CEO, Alex Turnbull. It resonated with me because it explained one of the scariest things for entrepreneurs – uncertainty. Insecurities can really affect an entrepreneur’s self belief which is devastating and something that’s frequently challenged with this lifestyle. His article explains a solution to uncertainty that is simple and efficient, but difficult to maintain. Here’s what he said:
This is a presentation where I discuss my entrepreneur career thus far, what tips and advice have worked for me, and how it led to my first angel investment. Continue reading…
Last week I decided to reach out to some big investors and tell them about my startup, PenPath. My goal was to simply just be on their radar and hopefully get some feedback. One of the emails I sent was to Mark Cuban — a very famous entrepreneur I really look up to. Unfortunately, I didn’t have any mutual contacts or context to put me in touch, but decided to reach out anyways. Getting a reply the next morning with the name “Mark Cuban” in my inbox was surreal. I had quite a few people ask what he said and others wonder how I got him to even reply after I wrote a Facebook status about it, so I decided to write this and share some tips I used while drafting the email I sent him.
Everyday is a gift and not a given right.— Alex Cruz (@AlexCruz4u) September 1, 2013